Weekly update on interest rate expectations

Rate cuts by year-end

  • Fed: 68 bps (79% probability of no change at the upcoming meeting)
  • ECB: 49 bps (60% probability of rate cut at the upcoming meeting)
  • BoE: 53 bps (96% probability of no change at today’s decision)
  • BoC: 48 bps (66% probability of no change at the upcoming meeting)
  • RBA: 65 bps (92% probability of no change at the upcoming meeting)
  • RBNZ: 59 bps (64% probability of rate cut at the upcoming meeting)
  • SNB: 4 bps (85% probability of no change at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 32 bps (80% probability of no change at the upcoming meeting)

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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